The United States government is set to contribute $250 million to a major international investment consortium aimed at securing global supply chains for energy and critical minerals, a senior Trump administration official announced Monday.
Under Secretary of State for Economic Affairs Jacob Helberg confirmed that Washington will lead the consortium, which is expected to bring together up to $1 trillion in assets under management drawn from sovereign wealth funds and institutional investors. The fund will count Japanese tech conglomerate SoftBank Group, Singapore’s state-owned Temasek Holdings, and Abu Dhabi’s Mubadala Investment Company among its founding participants.
Helberg outlined the consortium’s top priorities as investments focused on preserving access to energy and rare earth minerals for the United States and its allies — with a particular emphasis on what he described as “mineral security, logistics, and likely energy security infrastructure.” Officials will convene to review a list of candidate projects before making joint investment decisions.
Congress is expected to be formally notified of the $250 million US commitment in the near term. Representatives for SoftBank, Temasek, and Mubadala had not responded to requests for comment at time of publication.
The fund forms a central pillar of a broader US-led supply-chain alliance known as Pax Silica, which has expanded its remit to include energy infrastructure following the blockade of the Strait of Hormuz. Helberg cited the ripple effects on global energy markets since the outbreak of conflict with Iran as a key driver, stressing the need to eliminate “single-points of failure” in critical supply networks. Deputy Energy Secretary James Danly is set to lead the consortium’s energy-focused efforts.
The initiative comes amid heightened concern over the vulnerability of global supply chains exposed by nearly a month of conflict, during which energy infrastructure and key shipping lanes in the Gulf region have been repeatedly targeted, disrupting flows of oil, natural gas, and industrial inputs worldwide. Pax Silica currently counts Japan, India, South Korea, the United Kingdom, the United Arab Emirates, Qatar, and Singapore among its member states.
